Shocking results and an eye opener. This video should be widely shared to make private investors aware of trading cost so they make wiser decisions when choosing a broker. Thanks a lot Tom for spending considerable time in making this invaluable report for us. You are a legend!
I have been following your trades this morning and was surprised and confused with you buying price as mine was 2 points away, after watching your video I checked my broker's platform and in most of them he has 4 pips spread and the other day noticed that the spx500 spread was huge, I will be closing my account. Thanks for your time.
What Tom does for the retail community is priceless. This is a soo good eye opening comparison video. His book (best looser wins) is the 'one' and only trading book a trader needs IMHO 👍
Cheers TH! Makes me feel better about my offshore degen Seychelles broker. Unregulated and sketchy, yes. Counterparty risk mitigated by huge leverage, also yes.
Excellent video Tom ! - the price structure of many brokers is a black box - no transparency at all - I hope you won't get sued by some of the brokers for revealing this important information - good work - I think a lot of small retail traders appreciate this kind of information - I do !! - looking forward to your next video
Christian it's an important video to get out and hopefully, some retail traders will watch it - Tom took a big chance on this one but everything was video recorded or screenshot.
I don’t understand how this guy doesn’t have more subscribers,has a lot but some other trader’s with the flashy cars and money,have more yet from everything I am seeing Tom is all free,sharing information with everyone! Unless I am missing something,it don’t make sense.
I can explain that to you. We let the content speak for itself and we don't do fast cuts and fancy stuff. Our videos are much longer than what those Tictok traders want to watch and we kinda expect people can think for themself. Luckily we don't need to have 500.000 or a million subscribers to pay our bills. That comes from our trading.
Tom you are gentleman, thank you for your considerable work here. You make a difference in people's lives, and somehow I believe that is enough for you!! Nice mic BTW!! Very Best!!
Thank you - we are traders, not TH-camrs so most likely it won't. 🙏 And that's ok for us ... we just tried to call upon millions of traders overpaying a lot.
I can't thank you more , Legend, I have been dying in silence with the most expensive and what i hate more i didn't know ,though their spread was variable it even starts too high, this is the first reason 90 % of traders loosing money
if you watch some of the old talks ... about 25k people placing 43mill trades ... a lot of people would be at least be or profitable traders just if they used a cheaper broker. Finding the "right" broker for you is as important than spending many hours looking into is 20 ema is better than 21 ema ;-) or stuff like that.
Great work Tom, thanks for leading your sheep in the right direction. U tubers all talk about money management but fails to mention most important ingredients you pointed out in this video.
@@LennieClausen_dk actually one can't speak about what he or she doesn't know. This type of exposure is a discovery only true traders who are very observant and actually stack huge frequently can dictect. Big CREDIT to Tom.
Thanks for your work and analysis. Eye opening for sure. Now, I'm sure you'll get lots of push-back from the haters on this, but facts are facts and what better way to do your comparative analysis than based on pricing a basket of products. The thing that I checked back in 2007 when I started looking into the forex market was broker registration (which you mandated), and company capitalization (which turned out to be key in 2015 with the Swiss crisis). Just those 2 requirements left me with just a handful of brokers I thought I could trust from a stability standpoint, and that made it easy to select one based on products, spreads, platform, funding requirements, and a chat with one of their brokers.
@@LennieClausen_dk Excellent point: yup, you have to do your homework. It's not 'hard' homework, either, right? If you're actually interested in something, then it's not "work"; it's part of the process and it's.... well, fun!
Tomikam gratulalok kivalo eloadasd felulmulja a vilag on ebben a szakmaban jelen levo osszes brokereloadasat. Velemenyem Neked csag jot tehet meg hiressebb lehetsz. Sara.
Tom’s a legend and while the sentiment behind this video is valid in reality it’s flawed. He’s comparing quotes, he needs to compare fills. None of these CFD or spread bet guys are real brokers, they are betting shops. They set the price and they are the counter party for the ‘bet’. If a market gets volatile they are not going to take a loss on your bet, they will slip the price you get ‘filled’ at, or worse, you simply won’t get a fill on a limit order. For an FX broker get one that offers direct market access to good liquidity. For other instruments get direct access to the exchange it is traded on. You will need to pay a commission but it’s a lot less than paying an artificial spread even if it’s ‘fixed’.
Thanks Tom, enjoyed your facts presentation. Unfortunately the update broker report not updated. Anyhow, love your work! I trade Oanda and FXCM so will now take a closer look at the spreads. Have a great christmas. (cheers from australia)
Thank you Tom for sharing your hard work here i traded with IC market one of the worst brokers in some point I asked them why I’m getting crazy slippage on my trades they told me is because market volatility and I was paying commission plus bid and ask fee. Now trading with td one of the best brokers for stocks index and this was because of you. Thank you 🙏🏻
IG Markets has massiv slippage too - even on relatively small trade sizes. Spread is one thing, however slippage is almost as important as the level of the spreads
We think it was an important video to get out... Which brokers people use are their own concern. But at least we hope some people at least check ... instead of clicking on the first Facebook ad.
Great topic Tom and those costly spreads add up. I can't find a decent broker or exchange since I am a US citizen and from WA ST. I often think these are the "bucket shops" that Jesse Livermore talked about.
Due to US legislation. If I lived in USA I could think of 2 ways to legally do it anyway. This channel is about trading and NOT about bypass US legislation thou.
Very good information to save people from overcharging brokers.thank you Tom. Regulating bodies in EU are not doing their job to save people from these overcharging brokers .
Terry - Tom should start again Monday. If you are in the Telegram Group you have a slight idea how much we have fought that mic issue. The plan right now is we start again Monday. But that's just the plan.
One comment though. I think it is perfectly ok, if some brokers ask a higher price, as long as we are told so. That is not an awfull broker. The awful broker is the one, that hides a high price - lying and telling their product are cheap.
Indeed. I don't shop at the cheapest supermarket all the time. Sometimes another supermarket has a product I like better and I'm willing to pay more. This video is to open people's eyes and not about telling them where to trade.
What about IBKR? They have CFDs for indices, and they say that their spread is based on the actual futures contract spread (which only tends to be 1 tick).
Thank you so much for this information. I joined e-Toro last autumn (as a beginner) and I haven't be aware of these expensive spreads. I'm not a day trader yet as I'm not experienced enough (holding shares only...) but I'm going to learn day trading, hopefully. So, your advice came up at the right time. Thank you very much again and best greetings from Austria.
Big thanks to Tom, I am a trader that can never find consistency and i naively believed IC markets "RAW SPREAD 0 pips" is the best broker. But you debunked them like a freaking Chad. Good job. And also signed up for a td365 account using your link, hope you get something out of it. Not a consistently profitable trader yet but hoping to be like u someday!
Agree when you trade spread/commissions and market depth is our cost of doing business. I wouldn't mind overpay a little if I got something useful but paying 25% 50% 100% 200% lol or 300% extra is just not gonna happen.
@@TraderTom Excactly one must also factor in that there is a reason why a Mercedes costs more than a Lada. If spreads are always 0.0 but the feed freezes for 15 minutes twice per day then the spread isn't that attractive anymore.
There is of course a huge "gotcha". In order to trade on TD365 with fixed spreads you're forced to use their cloudtrade platform. The only other option is MT4 but you're stuck with variable spreads. Cloudtrade is, by a very large margin (pardon the pun), the worst trading platform known to man. I'd suggest it's probably why this otherwise fantastic broker is relatively unknown. If they offered the same rate fixed spreads using MT4, or cTrader, I think they'd have vastly more traders on board. I could live with the inferior charting experience, but the order management on cloudtrade is unacceptable.
I used their cloudtrade platform and I still had variable spreads on top of the "fixed" spreads so the price we pay is variable and looked about the same as IG to me, slightly better but this whole "TD365 has fixed spreads" is a lie. It has fixed spreads and then other dynamic spreads on top. It is making me doubt Tom tbh.
For day trading? At least in Europe that would be a bad idea. If you are from USA and India - could be a good idea (but I'm just a trader - so cannot and will not advise you).
Great video on brokers thank you. Can I ask the best low margins broker and safe? it would be Non-esma? I thank you for your time. ps I was with IG too expensive.......but a great platform.
thank you very much sir for making these videos. just wanted to know if you would again resume making the live trading videos any time in the future. ty
Okay so if I start with TD365 cloud trader. How do I calculate lot size? With MT4 it's just so easy with position size calculator. Also, buy stop and sell stops are not in TD365?
Tom, there were plenty of brokers on that list but no mention of IB (Interactive Brokers) ? Seems odd they're not included in the list despite having some of the lowest trading cost on the market...
@@LennieClausen_dk They do CFDs now as well. In fact, for clients residing within the EU who wish to trade fx with leverage, CFDs is the only option now as they stopped offering leveraged spot fx trading to their EU clients for some time now.
The real market doesn't have fixed spreads only fixed commissions. These retail brokers have low liquidity and sometimes fictitious prices. If you are a highstakes trader why don't you trade with a prime of prime broker?
Hi Tom, that requires an explanation. I am allowed to trade the equivalent of 30 contracts (£300 a point) at a 0.4 spread. The book itself will probably have 10 lots on either side of a bid-ask of a minimum of a half on FTSE. In addition to that I am not paying commission nor do I pay exchange fees. That is an enormous edge in my scalping that no prime broker would ever offer. In the Nasdaq I can trade £200 a point at 0.8. That is just damn outright the tightest spread on God's green earth. I want you to contact me if I can 35 nasdaq lots at 0.8 with no commission or exchange fee anywhere, and no slip, no partial fill...challenge over to you.!!!!!
@@TraderTom I understand that you are getting a good deal with that retail broker and that suits well your lot size and trading style but when you are trading big size the quality of the fills are more important than the spread+commission. What's the maximum lot size of your broker on the major FX pairs? Rakuten Australia competes with TD365 in the same fixed spread market niche.
Hi, I am watching your YT video about comparison of spreads of brokers, but I cannot find the list, that you are mentioning on your page. I have a small Prime account with BlackBullMarkets, which seem quite ok spreadwise, but are a little sluggish with other issues. Did you have them on your list? Best Regards, Thomas
hvad med hvis man handler i aktiesparekontoen. den mindre skat offsetter vel fees i en grad? ved godt man kun kan indsætte 100k men så længe man er lille.
@Tom, at the end, which Broker would you choose? I know you are trading on TD365. But what's the second best brokers in your opinion? (I can't open an account with TD365) Now I know that most brokers are not good!
Hey Tom, is there a difference in execution quality between the brokers? (In terms of slippage, support, stability of platform during volatility events etc)
Hi Tom, I am trying to have a look at the report however it isnt downloading or opening, it says "Not Found The requested URL was not found on this server." Cheers
I'll not rule it out ... but hey then we should do one for India, Russia and it seems Belgium too. And I most likely missed some countries. Take this video for what it is be aware ... And it's hard to document slippage in the video but have that in mind too.
@@LennieClausen_dk oh Russia. It's a big problem indeed. You can't imagine it's so hard to open trading account with EU or US broker while you're a Russian citizen. Most of them doesn't work with Russia :( including TD365 sadly. I'm struggling with CMC now :)
@@alexandersen5635 Hi Alex, I heard that. I think I might write it to the list when I speak to Tom next time. We are traders trading - we are not broker promoters. But we might be able to help the friends from USA, Russia, and Belgium.
@@alexandersen5635 @Lennie Clausen Just watched this video. Once again, great work by Tom, thank you so much for your big efforts! I decided to look through the comments before asking my question and I found this. I talked to TD365 yesterday, and they won't do business with me because I'm a resident of the Russian Federation. Are there any alternatives for me if I want to do CFD trading? I have an Interactive Brokers account for stock trading, and I think they do CFD's, but (as usual) I can't make heads nor tails of their explanatory information online. Did Tom's research include IBKR?
@@LennieClausen_dk Just watched this video. Once again, great work by Tom, thank you so much for your big efforts! I decided to look through the comments before asking my question and I found this. I talked to TD365 yesterday, and they won't do business with me because I'm a resident of the Russian Federation. Are there any alternatives for me if I want to do CFD trading? I have an Interactive Brokers account for stock trading, and I think they do CFD's, but (as usual) I can't make heads nor tails of their explanatory information online. Did Tom's research include IBKR?
It is an old video - I don't remember if they were tested. Many brokers were in the middle. Not that cheap not that expensive. they were not mentioned. Else the video would be 3-4 hours long.
Banks are outside the scope of this video. Tom tested about 100 CFD brokers. This video was made to make people be aware of how important spread/commissions are. You just got to do your own research.
It will be released 16th Aug 2022 Try your local Amazone www.amazon.de/-/en/Tom-Hougaard/dp/085719822X/ref=sr_1_1?crid=2JPX4GTC7K7SO&keywords=bester+loser+gewinnt&qid=1651325229&sprefix=best+loser+wins%2Caps%2C73&sr=8-1
what are your thoughts on spreadbetting compared to CFD trading (apart from the fact that you don’t pay tax when you spreadbet trade here in the uk). Could also be interesting to see a video like this done for spreadbetting brokers
One thing you failed to mentioned was how brokers, particular 'free' brokers, use delaying tactics to leverage spreads in their favor, essentially if you hold a position and it jumps up 10%, it's treated as volatility and the sell price lags behind the stock price, not offering a fair share of the profit, so you have to wait longer for the stock to settle to make it worthwhile, but if the stock falls, the sell price reflects this instantly and drops much further and faster. This hedges the system against the trader, making them more likely to lose money than make money as they either have to hold a position for longer or sell at a much lower price. When they say 76% of CFD traders lose money, that 26% above the 50/50 chance is likely the amount the system is leverage against them.
@@LennieClausen_dk Dude don't be an ass when engaging with your viewers I watched the whole long winded, poor English explanation with your multiple iterations of the same metaphor and read your list of brokers viewed and i don't see 212, but as it also says not all shown, I politely asked you if you viewed them as I use the broker. Why don't you answer the question instead of WASTING my time.
What a legend, Tom is...
Thank you 🙏
This guy is the best. He's genuinely looking out for us. God bless you
I have 20+ years ot experience in FX and I can say with absolute confidence that Tom's content is solid gold for any trader!
Thank you so much for your nice words.
Tom is an honest person, speaks with the facts, works hard with his own research, a true legend in the world of trading..
So glad I found you. No bullsh&t, just honesty from a genuinely successful trader.
🙏
Shocking results and an eye opener. This video should be widely shared to make private investors aware of trading cost so they make wiser decisions when choosing a broker. Thanks a lot Tom for spending considerable time in making this invaluable report for us. You are a legend!
Great to hear. So sad that most people just open a broker account from an ad on YT FB or whatever. And never look into it in detail.
Thanks for being real and honest. Absolute legend!
Thank you 🙏 We just trade where we pay less.
I have been following your trades this morning and was surprised and confused with you buying price as mine was 2 points away, after watching your video I checked my broker's platform and in most of them he has 4 pips spread and the other day noticed that the spx500 spread was huge, I will be closing my account. Thanks for your time.
Always do your own research. We hope this video motivated you to do it.
What Tom does for the retail community is priceless. This is a soo good eye opening comparison video. His book (best looser wins) is the 'one' and only trading book a trader needs IMHO 👍
This video deserve a 5 star 🌟 rating I've been watching it over and over and over👑luckily for us we got Tom Houggard
This is an eye-opener. Thank you for your good work in exposing how traders are being cheated.
Thank you - it was meant to be. Please do your own homework thou.
Cheers TH!
Makes me feel better about my offshore degen Seychelles broker. Unregulated and sketchy, yes. Counterparty risk mitigated by huge leverage, also yes.
Real eye opener. Thank you. You have obviously put a great deal of effort and research into this, and it's much appreciated.
Excellent video Tom ! - the price structure of many brokers is a black box - no transparency at all - I hope you won't get sued by some of the brokers for revealing this important information - good work - I think a lot of small retail traders appreciate this kind of information - I do !! - looking forward to your next video
Christian it's an important video to get out and hopefully, some retail traders will watch it - Tom took a big chance on this one but everything was video recorded or screenshot.
Black box? You mean black hole to suck your $
I don’t understand how this guy doesn’t have more subscribers,has a lot but some other trader’s with the flashy cars and money,have more yet from everything I am seeing Tom is all free,sharing information with everyone! Unless I am missing something,it don’t make sense.
I can explain that to you. We let the content speak for itself and we don't do fast cuts and fancy stuff. Our videos are much longer than what those Tictok traders want to watch and we kinda expect people can think for themself.
Luckily we don't need to have 500.000 or a million subscribers to pay our bills. That comes from our trading.
@@LennieClausen_dk 🙏
I can't help it but love this man 😍. Very informative and insightful video as always 🙏.
Tom, this is an amazing video. So much work and research went in here. Thank you so so much. I have been watching your videos for few weeks now. ❤❤❤
Tom you are gentleman, thank you for your considerable work here. You make a difference in people's lives, and somehow I believe that is enough for you!! Nice mic BTW!! Very Best!!
Thank you 🙏 Lol Tom got a little tired of the mic problems and bought another 7 different.
Great job, lets hope it is widely viewed.
Thank you - we are traders, not TH-camrs so most likely it won't. 🙏 And that's ok for us ... we just tried to call upon millions of traders overpaying a lot.
I guess the one dislike was from IG's director!
I think you are not far off ;-)
LOL
I can't thank you more , Legend, I have been dying in silence with the most expensive and what i hate more i didn't know ,though their spread was variable it even starts too high, this is the first reason 90 % of traders loosing money
if you watch some of the old talks ... about 25k people placing 43mill trades ... a lot of people would be at least be or profitable traders just if they used a cheaper broker.
Finding the "right" broker for you is as important than spending many hours looking into is 20 ema is better than 21 ema ;-) or stuff like that.
Great work Tom, thanks for leading your sheep in the right direction. U tubers all talk about money management but fails to mention most important ingredients you pointed out in this video.
Thank you 🙏 This is indeed an area of trading only a few people speak about.
@@LennieClausen_dk actually one can't speak about what he or she doesn't know. This type of exposure is a discovery only true traders who are very observant and actually stack huge frequently can dictect. Big CREDIT to Tom.
@@henry_kc You have a valid point. At least we try to do our part so people are aware. Then they can do what they like.
@@LennieClausen_dk thanks a lot hope for more great videos. I luv your channel.
Many Thanks Tom. Keep up the good works. There aren't many out there as good of what you do as you do. Much appreciated.
Thanks for your work and analysis. Eye opening for sure. Now, I'm sure you'll get lots of push-back from the haters on this, but facts are facts and what better way to do your comparative analysis than based on pricing a basket of products. The thing that I checked back in 2007 when I started looking into the forex market was broker registration (which you mandated), and company capitalization (which turned out to be key in 2015 with the Swiss crisis). Just those 2 requirements left me with just a handful of brokers I thought I could trust from a stability standpoint, and that made it easy to select one based on products, spreads, platform, funding requirements, and a chat with one of their brokers.
Good comment not sure I can add anything 👍
Besides do your own homework...
@@LennieClausen_dk Excellent point: yup, you have to do your homework. It's not 'hard' homework, either, right? If you're actually interested in something, then it's not "work"; it's part of the process and it's.... well, fun!
Mr. Tom is the best trader💛
Such a pro💛 Thank you very much for sharing so much knowledge and experience 💛
Thank you, Elena 🙏
The guy who gets calls from the Brokers lol, Tom much respect for you! Keep doing what your doing, I hope you continue to smash it in 2023!!
Excellent video as ever, Tom. Keep up the good work. Much appreciated.
You got to watch out. Trade with whoever you want but check your options.
Tomikam gratulalok kivalo eloadasd felulmulja a vilag on ebben a szakmaban jelen levo osszes brokereloadasat. Velemenyem Neked csag jot tehet meg hiressebb lehetsz. Sara.
Trader Tom I hope you are doing great, missing the videos please come back when you can.
The plan was to have a stream today. But something urgent came up. Tom uses the Telegram Group as the main way of communication. It is free to join.
Pivotal points..strong assertions..Mr.Tom is traders' father..
Tom’s a legend and while the sentiment behind this video is valid in reality it’s flawed. He’s comparing quotes, he needs to compare fills.
None of these CFD or spread bet guys are real brokers, they are betting shops. They set the price and they are the counter party for the ‘bet’. If a market gets volatile they are not going to take a loss on your bet, they will slip the price you get ‘filled’ at, or worse, you simply won’t get a fill on a limit order.
For an FX broker get one that offers direct market access to good liquidity. For other instruments get direct access to the exchange it is traded on. You will need to pay a commission but it’s a lot less than paying an artificial spread even if it’s ‘fixed’.
Outstanding video Tom! Thank you!
🙏
What a shame that you can only give one lousy like. Tom deserves 100 likes from me on this one.
Thank you Rene. One will do 👍
Happy New Year Tom and Lennie 🥳
Happy New Year Christian, I hope you are doing good.
this is extremely valuable content thanks tom !
It is. We hope this will opens at least some eyes.
Thanks Tom, enjoyed your facts presentation. Unfortunately the update broker report not updated. Anyhow, love your work! I trade Oanda and FXCM so will now take a closer look at the spreads. Have a great christmas. (cheers from australia)
Have a great Christmas.
Thank you Tom for sharing your hard work here i traded with IC market one of the worst brokers in some point I asked them why I’m getting crazy slippage on my trades they told me is because market volatility and I was paying commission plus bid and ask fee. Now trading with td one of the best brokers for stocks index and this was because of you. Thank you 🙏🏻
IG Markets has massiv slippage too - even on relatively small trade sizes. Spread is one thing, however slippage is almost as important as the level of the spreads
you are doing the trading god's work, thanks so much!
Thank you...just reporting facts...that's all... no agenda...
Closing my IC Markets account now. Thanks for that information Tom.
We think it was an important video to get out... Which brokers people use are their own concern. But at least we hope some people at least check ... instead of clicking on the first Facebook ad.
the best channel about trading ever. thanks so much for sharing you experience!!!
Thank you 🙏
My favorite trader. Thank you Tom! You are the best.
Thank you Raj 🙏
Great topic Tom and those costly spreads add up. I can't find a decent broker or exchange since I am a US citizen and from WA ST. I often think these are the "bucket shops" that Jesse Livermore talked about.
Due to US legislation. If I lived in USA I could think of 2 ways to legally do it anyway. This channel is about trading and NOT about bypass US legislation thou.
Very good information to save people from overcharging brokers.thank you Tom.
Regulating bodies in EU are not doing their job to save people from these overcharging brokers .
You are welcome - I think the takeaway "do not click" on the first Facebook/TH-cam ad but do your own DD. So many people overpay so much.
Tom is our hedge! Love this guy.
🙏
thanks
king - this is what real information is to a new trader and also wxperienced
❤🔥
Can't wait for this live video! See ya soon Tom! Thanks! :)
Terry - Tom should start again Monday. If you are in the Telegram Group you have a slight idea how much we have fought that mic issue. The plan right now is we start again Monday. But that's just the plan.
TOM WE MISS YOU COME BACK!
The plan was to have a stream today. But something urgent came up. Tom uses the Telegram Group as the main way of communication. It is free to join.
Great research. I can see I need to change my broker when I start to trade bigger size.
Most appreciated, thank you.
Good decision spread/commission is the largest cost we have in this business.
One comment though. I think it is perfectly ok, if some brokers ask a higher price, as long as we are told so. That is not an awfull broker. The awful broker is the one, that hides a high price - lying and telling their product are cheap.
Indeed. I don't shop at the cheapest supermarket all the time. Sometimes another supermarket has a product I like better and I'm willing to pay more. This video is to open people's eyes and not about telling them where to trade.
@@jeskg720 please see my reply to Tom Sawyer
Awesome material. Thanks for making it, I imagine it did take some time and effort. Some brokers are probably not very happy with this 😀.
It did take a fair amount of time.
Thanks for all the information what you share with us and your hard work to do this...audio is not that bed by the way😎👍
Great staf!!!
Thank you - audio should be better in the future. ;-)
what about fpmarkets?
What about IBKR? They have CFDs for indices, and they say that their spread is based on the actual futures contract spread (which only tends to be 1 tick).
Thank you Tom 🙏
Thank you so much for this information. I joined e-Toro last autumn (as a beginner) and I haven't be aware of these expensive spreads. I'm not a day trader yet as I'm not experienced enough (holding shares only...) but I'm going to learn day trading, hopefully. So, your advice came up at the right time. Thank you very much again and best greetings from Austria.
You are welcome. Always check and find the broker that is best for you and your trading style. As you can see it could very well be worth your time.
Big thanks to Tom, I am a trader that can never find consistency and i naively believed IC markets "RAW SPREAD 0 pips" is the best broker. But you debunked them like a freaking Chad. Good job. And also signed up for a td365 account using your link, hope you get something out of it. Not a consistently profitable trader yet but hoping to be like u someday!
Thank you 🙏 So few people are aware.
Hi, what are you thoughts on Interactive brokers?
This was really really good Tom. Very eye opening.
Agree when you trade spread/commissions and market depth is our cost of doing business. I wouldn't mind overpay a little if I got something useful but paying 25% 50% 100% 200% lol or 300% extra is just not gonna happen.
I want to second what Lennie said. I don't mind paying a "bit" more, but I am not ok with paying 25% more
@@TraderTom Excactly one must also factor in that there is a reason why a Mercedes costs more than a Lada. If spreads are always 0.0 but the feed freezes for 15 minutes twice per day then the spread isn't that attractive anymore.
wow...this is really eye opening stuff!
Indeed. Worth looking into.
sir tom you miss understood IC Makrkets, you choosed the standard account to messure it which ads to the spread instead of choosing raw account..
Those spreads can also mean that you effectively need a 4:1 reward risk ratio for a 2:1 profit.
So massively reduces your chance of success.
Indeed 👍
Thanks Tom, great true information!!
You are welcome - and always do your own homework - but at least we hope we opened your eyes.
love youre trading style keep it up tom
🙏
Very Impressive Research Tom. Keep it up, Some of these brokers or their agents might be disliking this video. ✔️
Trust me they do.
Amazing info sir. Thank you
This TD365 i like it but the Gold spread? sir Tom.
Watching your trading account on live is very beneficial for me please show it when you in a trade
There is of course a huge "gotcha". In order to trade on TD365 with fixed spreads you're forced to use their cloudtrade platform. The only other option is MT4 but you're stuck with variable spreads. Cloudtrade is, by a very large margin (pardon the pun), the worst trading platform known to man. I'd suggest it's probably why this otherwise fantastic broker is relatively unknown. If they offered the same rate fixed spreads using MT4, or cTrader, I think they'd have vastly more traders on board. I could live with the inferior charting experience, but the order management on cloudtrade is unacceptable.
👀
I used their cloudtrade platform and I still had variable spreads on top of the "fixed" spreads so the price we pay is variable and looked about the same as IG to me, slightly better but this whole "TD365 has fixed spreads" is a lie. It has fixed spreads and then other dynamic spreads on top. It is making me doubt Tom tbh.
Great Infos Here. Thank you Tom!
Thank you.
Why not use trade stocks/options,futures where there are no such issues?
For day trading? At least in Europe that would be a bad idea. If you are from USA and India - could be a good idea (but I'm just a trader - so cannot and will not advise you).
Would be great to see this done with prop firms
Great video on brokers thank you. Can I ask the best low margins broker and safe? it would be Non-esma? I thank you for your time. ps I was with IG too expensive.......but a great platform.
thank you very much sir for making these videos. just wanted to know if you would again resume making the live trading videos any time in the future. ty
Hi Kal, The plan is to start tomorrow.
Tom uses the Telegram Group to update people.
Thanks for your sharing!
Okay so if I start with TD365 cloud trader. How do I calculate lot size? With MT4 it's just so easy with position size calculator. Also, buy stop and sell stops are not in TD365?
@Denoki 👍
great video Tom, thanks for making it. When you talk abouta regualted, do you mean in UK or Europe or is anywhere ok?
Very similar to UK, Esma in Europe. ASIC In Australie or SCB on the Bahamas.
Tom, there were plenty of brokers on that list but no mention of IB (Interactive Brokers) ?
Seems odd they're not included in the list despite having some of the lowest trading cost on the market...
This video is about CFD brokers. As far as I know, IB is a Future broker.
@@LennieClausen_dk They do CFDs now as well. In fact, for clients residing within the EU who wish to trade fx with leverage, CFDs is the only option now as they stopped offering leveraged spot fx trading to their EU clients for some time now.
The real market doesn't have fixed spreads only fixed commissions. These retail brokers have low liquidity and sometimes fictitious prices. If you are a highstakes trader why don't you trade with a prime of prime broker?
Hi Tom, that requires an explanation. I am allowed to trade the equivalent of 30 contracts (£300 a point) at a 0.4 spread. The book itself will probably have 10 lots on either side of a bid-ask of a minimum of a half on FTSE. In addition to that I am not paying commission nor do I pay exchange fees. That is an enormous edge in my scalping that no prime broker would ever offer. In the Nasdaq I can trade £200 a point at 0.8. That is just damn outright the tightest spread on God's green earth. I want you to contact me if I can 35 nasdaq lots at 0.8 with no commission or exchange fee anywhere, and no slip, no partial fill...challenge over to you.!!!!!
@@TraderTom I understand that you are getting a good deal with that retail broker and that suits well your lot size and trading style but when you are trading big size the quality of the fills are more important than the spread+commission. What's the maximum lot size of your broker on the major FX pairs? Rakuten Australia competes with TD365 in the same fixed spread market niche.
Hi,
I am watching your YT video about comparison of spreads of brokers, but I cannot find the list, that you are mentioning on your page.
I have a small Prime account with BlackBullMarkets, which seem quite ok spreadwise, but are a little sluggish with other issues.
Did you have them on your list?
Best Regards,
Thomas
the list is down right now - please send broker requests to hello@tradertom.com
hvad med hvis man handler i aktiesparekontoen. den mindre skat offsetter vel fees i en grad? ved godt man kun kan indsætte 100k men så længe man er lille.
Denne kanal er omkring day trading.
@Tom, at the end, which Broker would you choose? I know you are trading on TD365. But what's the second best brokers in your opinion?
(I can't open an account with TD365)
Now I know that most brokers are not good!
US residents have to use the offshore brokers to get the indices on CFDs
Yeah as a US American you are free to purchase an AR-15 assault rifle, but you´re not allowed to trade stock indices via CFD´s 😂🤣😅😆😁😃
great stuff - Thank you!
At least worth having in mind.
Hey Tom, is there a difference in execution quality between the brokers? (In terms of slippage, support, stability of platform during volatility events etc)
YES - also in non-volatility periods.
whats a good broker to trade stocks on the 5 minute chart? Most I have tried kill my wins through spread.
Hi Tom, I am trying to have a look at the report however it isnt downloading or opening, it says "Not Found
The requested URL was not found on this server." Cheers
Could you do a short video with the top 3 brokers for US traders? That would be very helpful.
I'll not rule it out ... but hey then we should do one for India, Russia and it seems Belgium too. And I most likely missed some countries. Take this video for what it is be aware ... And it's hard to document slippage in the video but have that in mind too.
@@LennieClausen_dk oh Russia. It's a big problem indeed. You can't imagine it's so hard to open trading account with EU or US broker while you're a Russian citizen. Most of them doesn't work with Russia :( including TD365 sadly. I'm struggling with CMC now :)
@@alexandersen5635 Hi Alex, I heard that. I think I might write it to the list when I speak to Tom next time. We are traders trading - we are not broker promoters.
But we might be able to help the friends from USA, Russia, and Belgium.
@@alexandersen5635 @Lennie Clausen Just watched this video. Once again, great work by Tom, thank you so much for your big efforts! I decided to look through the comments before asking my question and I found this. I talked to TD365 yesterday, and they won't do business with me because I'm a resident of the Russian Federation. Are there any alternatives for me if I want to do CFD trading? I have an Interactive Brokers account for stock trading, and I think they do CFD's, but (as usual) I can't make heads nor tails of their explanatory information online. Did Tom's research include IBKR?
@@LennieClausen_dk Just watched this video. Once again, great work by Tom, thank you so much for your big efforts! I decided to look through the comments before asking my question and I found this. I talked to TD365 yesterday, and they won't do business with me because I'm a resident of the Russian Federation. Are there any alternatives for me if I want to do CFD trading? I have an Interactive Brokers account for stock trading, and I think they do CFD's, but (as usual) I can't make heads nor tails of their explanatory information online. Did Tom's research include IBKR?
Hi and thank you for the video! Why there is no Exness CFD broker in your analysis? It is quite large, to my knowledge.
It is an old video - I don't remember if they were tested. Many brokers were in the middle. Not that cheap not that expensive. they were not mentioned. Else the video would be 3-4 hours long.
Great and informativ video. What's your thougts about JFD-Bank?
Banks are outside the scope of this video. Tom tested about 100 CFD brokers. This video was made to make people be aware of how important spread/commissions are. You just got to do your own research.
thank you sir! will you do next update on your website broker report?
I forgot to ask Tom last Sunday when we meet. I'll try to remember to ask this Sunday. We just have so much on the agenda.
The link of the Broker Report is broke. Can you fix that? Thanks.
Hi Tom, I tried to download broker report but it appears to be 404 not found?
Worked for me but Tom has to approve every request. give it time
Thanks for sharing your insight!
You are welcome 👍 It is always good to be mindful of this.
@@LennieClausen_dk I am with Tickmill and sent them the video incl. timestamp. Looking forward to their reply :)
@@taschkar feel free to share their answer.
how ironic, got an etoro ad straight after this.
🙄 - we are not selling anything - but guys look out-think and test
Very goood information Tom
Thank you.🙏
Fantastic video thanks for the information 👏👏👏soon as I double my plus 500 account moving over to TD
Thank you. We just wanted to open people's eyes so they can make educated decisions for themself.
Where can I find your new book? Thanks
It will be released 16th Aug 2022
Try your local Amazone
www.amazon.de/-/en/Tom-Hougaard/dp/085719822X/ref=sr_1_1?crid=2JPX4GTC7K7SO&keywords=bester+loser+gewinnt&qid=1651325229&sprefix=best+loser+wins%2Caps%2C73&sr=8-1
what are your thoughts on spreadbetting compared to CFD trading (apart from the fact that you don’t pay tax when you spreadbet trade here in the uk). Could also be interesting to see a video like this done for spreadbetting brokers
Both spread betting and CFS are included in this video. I think you answered the rest of your question yourself ;-)
One thing you failed to mentioned was how brokers, particular 'free' brokers, use delaying tactics to leverage spreads in their favor, essentially if you hold a position and it jumps up 10%, it's treated as volatility and the sell price lags behind the stock price, not offering a fair share of the profit, so you have to wait longer for the stock to settle to make it worthwhile, but if the stock falls, the sell price reflects this instantly and drops much further and faster. This hedges the system against the trader, making them more likely to lose money than make money as they either have to hold a position for longer or sell at a much lower price. When they say 76% of CFD traders lose money, that 26% above the 50/50 chance is likely the amount the system is leverage against them.
That is not mentioned because we don't have that issue. Cover ALL brokers in the world and all possibilities can't be done.
@@LennieClausen_dk Did you include free brokers? 212, Plus500? They make their fortune out of CFDs
@@LennieClausen_dk Dude don't be an ass when engaging with your viewers I watched the whole long winded, poor English explanation with your multiple iterations of the same metaphor and read your list of brokers viewed and i don't see 212, but as it also says not all shown, I politely asked you if you viewed them as I use the broker. Why don't you answer the question instead of WASTING my time.
@@LennieClausen_dk Being a trader isn't an excuse for being a jerk to your viewers. Consider yourself disliked.
Thanks Tom 😊
You are welcome J T 👍